The Company has incurred a total of US$3,984,637 on its mineral properties, of which US$3,483,066 was spent on its Cañariaco Property. To date a total of US$6,354,847 has been spent on the Cañariaco Property.
The Company received additional funding of Cdn$755,800 from the exercise 297,500 common share options at prices ranging from Cdn$0.23 to Cdn$0.80 and the exercise of 424,780 warrants priced at Cdn$1.25.
The Net Loss for the year totaled ($1,792,115), or ($0.04) per share, compared to a loss of ($1,426,952), or ($0.04) per share in 2005,
The Company has a stock option plan: As at March 23, 2007 there were 6,893,500 stock options outstanding.
The Company has a total of 4,030,918 warrants outstanding as at March 23, 2007 of which 2,530,828 are exercisable at Cdn$1.25 and will expire on March 29 and March 31, 2007 and 1,500,000 are exercisable at Cdn$1.65 and will expire on December 7, 2007.
The Financial Statements and Management Discussion and Analysis are available on the Company website www.candente.com and also on Sedar www.sedar.com.
Candente is a diversified copper and gold exploration company focused on increasing shareholder value through discovery. Candente has an advanced exploration stage leachable copper project, Cañariaco, and several other gold, copper and silver projects in Peru. Candente subscribes to principles which ensure that its exploration and development activities are beneficial to the local communities.
For further information please contact Joanne Freeze at: (604) 689-1957 or toll free 1-877-689-1964; or info@candente.com www.candente.com
Release No. 204
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente relies upon litigation protection for forward-looking statements.